Orange County NC Website
Browse       Search
 <br />Revised 11/19 5 <br />DQGQRQDSSURSULDWLRQRISXEOLFIXQGV,WLVH[SUHVVO\DJUHHGWKDW2ZQHUVKDOOQRWDFWLYDWHWKLV <br />QRQDSSURSULDWLRQ SURYLVLRQ IRU LWV FRQYHQLHQFH RU WR FLUFXPYHQW WKH UHTXLUHPHQWV RI WKLV <br />$JUHHPHQWEXWRQO\DVDQHPHUJHQF\ILVFDOPHDVXUHGXULQJDVXEVWDQWLDOILVFDOFULVLV <br /> <br />F,Q WKH HYHQW RI D FKDQJH LQ WKH 2ZQHU¶V VWDWXWRU\ DXWKRULW\ PDQGDWH DQGRU PDQGDWHG <br />IXQFWLRQV E\ VWDWH DQGRU IHGHUDO OHJLVODWLYH RU UHJXODWRU\ DFWLRQ ZKLFK DGYHUVHO\ DIIHFWV <br />2ZQHU¶VDXWKRULW\WRFRQWLQXHLWVREOLJDWLRQVXQGHUWKLV$JUHHPHQWWKHQWKLV$JUHHPHQWVKDOO <br />DXWRPDWLFDOO\WHUPLQDWHZLWKRXWSHQDOW\WR2ZQHUXSRQZULWWHQQRWLFHWR&RQWUDFWRURIVXFK <br />OLPLWDWLRQRUFKDQJHLQ2ZQHU¶VOHJDODXWKRULW\ <br /> <br />127,&(6 <br /> <br /> $Q\QRWLFHUHTXLUHGE\WKLV$JUHHPHQWVKDOOEHLQZULWLQJDQGGHOLYHUHGE\FHUWLILHGRUUHJLVWHUHGPDLO <br />UHWXUQUHFHLSWUHTXHVWHGWRWKHIROORZLQJ <br /> <br /> 2ZQHU &RQWUDFWRU <br />  2UDQJH&RXQW\   <br />  $WWQ    <br />  32%R[  <br /> +LOOVERURXJK1&  <br /> <br />0,6&(//$1(286 <br /> <br />D'XWLHVDQG2EOLJDWLRQVLPSRVHGE\WKH&RQWUDFW'RFXPHQWVVKDOOEHLQDGGLWLRQWRDQ\'XWLHV <br />DQG2EOLJDWLRQVLPSRVHGE\VWDWHIHGHUDORUORFDOODZUXOHVUHJXODWLRQVDQGRUGLQDQFHV <br /> <br />E1RDFWRUIDLOXUHWRDFWE\WKH2ZQHURU&RQWUDFWRUVKDOOFRQVWLWXWHDZDLYHURIDQ\ULJKWRU <br />GXW\JUDQWHGWKHPXQGHUWKH&RQWUDFW'RFXPHQWVQRUVKDOODQ\DFWRUIDLOXUHWRDFWFRQVWLWXWH <br />DQ\DSSURYDOH[FHSWDVVSHFLILFDOO\DJUHHGLQZULWLQJ <br /> <br />F7KH:RUNVKDOOEHWHVWHGDQGLQVSHFWHGDVUHTXLUHGE\WKH&RQWUDFW'RFXPHQWVDQGDVUHTXLUHG <br />E\ODZ8QOHVVSURKLELWHGE\ODZWKHFRVWVRIDOOVXFKWHVWVDQGLQVSHFWLRQVUHODWHGWRVWDWHDQG <br />IHGHUDOFRGHVVXFKDV$'$$GPLQLVWUDWLYH(OHFWULFDO3OXPELQJ0HFKDQLFDODQG%XLOGLQJ <br />&RGHVVKDOOEHERUQHE\WKH&RQWUDFWRU7KHFRVWVIRUPDWHULDODQGVWUXFWXUDOWHVWLQJVKDOOEH <br />FRQGXFWHGE\DQLQGHSHQGHQWWKLUGSDUW\DWWKHH[SHQVHRIWKH2ZQHU'HOD\VUHODWHGWRDQ\RI <br />WKHDIRUHPHQWLRQHGWHVWVDQGLQVSHFWLRQVVKDOOQRWEHJURXQGVIRUGHOD\LQJWKHFRPSOHWLRQRI <br />WKHZRUN,IDQ\VXFKWHVWVDQGLQVSHFWLRQVUHYHDOGHILFLHQFLHVLQWKH:RUNVXFKWKDWWKH:RUN <br />GRHV QRW FRPSO\ ZLWK WHUPV RU UHTXLUHPHQWV RI WKH &RQWUDFW 'RFXPHQWV DQGRU WKH <br />UHTXLUHPHQWVRIDQ\FRGHRUODZWKH&RQWUDFWRULVVROHO\UHVSRQVLEOHIRUWKHFRVWRIEULQJLQJ <br />VXFKGHILFLHQFLHVLQWRFRPSOLDQFHZLWKWKHWHUPVRIWKH&RQWUDFW'RFXPHQWVDQGRUDQ\FRGH <br />RUODZ <br /> <br />G6KRXOGWKH'HVLJQHULID'HVLJQHULVUHWDLQHGIRUWKHSURMHFWLQYROYLQJWKH:RUNRU2ZQHU <br />UHMHFWDQ\SRUWLRQRIWKH:RUNIRUIDLOLQJWRFRPSO\ZLWKWKH&RQWUDFW'RFXPHQWV&RQWUDFWRU <br />VKDOOLPPHGLDWHO\DW&RQWUDFWRU¶VH[SHQVHFRUUHFWWKH:RUN$Q\VXFKUHMHFWLRQPD\EH <br />PDGHEHIRUHRUDIWHUVXEVWDQWLDOFRPSOHWLRQ,IDSSOLFDEOHDQ\DGGLWLRQDOH[SHQVHERUQHE\WKH <br />'HVLJQHUXQGHUWKLVVHFWLRQVKDOOEHSDLGDW&RQWUDFWRU¶VH[SHQVH <br /> <br />H7KH&RXQW\KDVGHVLJQDWHG WRDFWDVWKH&RXQW\<br />VUHSUHVHQWDWLYHZLWKUHVSHFWWRWKH <br />3URMHFWDQGVKDOOKDYHWKHDXWKRULW\WRUHQGHUGHFLVLRQVZLWKLQJXLGHOLQHVHVWDEOLVKHGE\WKH <br />DocuSign Envelope ID: BFF4747D-7578-438D-BADC-CFCAAE0ECD67